Wu Blockchain (@WuBlockchain): White House Pushes Back on Stablecoin “Deposit Flight” Fears Ahead of CLARITY Vote
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White House Pushes Back on Stablecoin “Deposit Flight” Fears Ahead of CLARITY Vote According to Semafor, the Trump administration is making a final push for Senate Republicans to support the CLARITY Act ahead of Tuesday’s procedural vote. The White House Council of Economic Advisers plans to release an interactive tool allowing users to model stablecoin growth against community-bank deposits, reinforcing its view that current data does not support claims of large-scale deposit flight. Some Republican senators remain concerned about stablecoin rewards, while some Democrats argue the latest ethics restrictions on Trump do not go far enough.